New Issue: JPMorgan sells $401,000 one-year digital notes linked to Stoxx, Russell

By Susanna Moon

Chicago, May 5 – JPMorgan Chase Financial Co. LLC priced $401,000 of 0% digital notes due June 1, 2018 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index never closes below its 67.5% trigger level during the life of the notes, the payout at maturity will be par plus the contingent digital return of 7.5%.

Otherwise, the payout will be par unless either index finishes below its initial level, in which case investors will be fully exposed to any losses of the worse performing index.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Digital notes
Underlying indexes:	Euro Stoxx 50 and Russell 2000
Amount:	$401,000
Maturity:	June 1, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If each index never dips below 67.5% trigger during life of notes, par plus 7.5%; otherwise, par unless either index finishes below initial level, in which case full exposure to any losses of worse performing index
Initial levels:	1,400.428 for Russell and 3,559.59 for Stoxx
Trigger levels:	945.2889 for Russell and 2,402.72325 for Stoxx, 67.5% of initial levels
Pricing date:	April 28
Settlement date:	May 3
Agent:	J.P. Morgan Securities LLC
Fees:	0.31543%
Cusip:	46646Q3N3

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.